On global cues, Our market to open flattish with negative bias for the day, The last few trading session indicates a cautious approach ahead as the nifty for the last two trading sessions closed in red, though it closed very much above the strong support of 4560 level one has to be cautious, Booking profit on the rally and buying on dips will be the best strategy in this market condition.
Nifty has a strong support at 4560- 4500 levels, below this nifty can test 4415 in the coming days.
Activity will be there in some selected mid caps like SESA GOA, NOIDA TOLL and GMR INFRA.
Today at higher levels we will be booking profit for our clients.
Technically nifty have support at 4560/4510/4480 and resistance at 4620/4650/4680 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Sunday, June 14, 2009
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